Any announcement about the prospective takeover in the North East will be left to Newcastle United by Premier League chiefs, as per ChronicleLive.
As per the outlet, what is understood is that the top flight’s owner’s and director’s test is at the final stages and despite protests and other claims of opposition from some clubs in England’s highest division, the process has moved through the latest stage without any red flags.
Chiefs from the league have not yet commented on a rather big claim from Forbes‘ Middle East office that a proposed deal at St. James’ Park had already been approved.
Once the Premier League inform businesswoman Amanda Staveley and the Middle East consortium, which includes the billionaire Reuben brothers and Saudi Arabia’s Public Investment Fund (PIF), the transfer of funds must take place between the relevant parties’ legal and financial teams, including with current owner Mike Ashley.
Despite taking their time to go through the tests in the last six weeks, the top flight would leave the official announcements to the prospective new owners at the Tyneside club and a joint statement would be likely to follow.
Indeed, the fact that the announcement has been mentioned and a report states that the proposed deal with the Magpies has been approved by England’s highest division will both excite and encourage several members of the Toon faithful, who have been waiting for weeks on end for some concrete news on whether the bid would be going through.
Should an official announcement be made by Newcastle or the Premier League?
Nevertheless, until that official announcement is made, the takeover still remains up in the air.
Geordies, are you more confident that it will go through? Comment below!
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